National Republican., 1887-08-26
ANOTHER BEAR RAID.
A Stock Brokers Failure Has bad
Eject on the Market.


NEW York, Aug. 25.-The failure of
Grovesteen s. Pell was taken advantage OF
to-day by the bears to make further dem
onstration against values, aud there was
alec considerable pressure OF long stocks at
the opening. The market met with good
support from the Insiders, aud some i'm
provement was actually made when tie
official announcement OF the failure brought
everything down again. The material
losses, however, were confined to few
stocks OILY, most OF the list being well
held throughout.
The covering became very heavy toward
noon, and on the removal Of the pressure,
prices recovered In everything except the
specially weak spots. The Improvement
was not held, however, considerable selling
being done at the close. First prices were
Invariably lower than yesterdays final
prices, and declines ranged up to per cent.
The market was very active but feverlsh
and irregular In the forenoon. The excel
lent support accorded the list resulted In
gains Of from to in the first half hour.
After o'clock the decline was checked, and
the market quieted down and general i'm
provement took place all along the line,
prices in most cases approxlmating those OF
the opening In the last hour. Free selling
again knocked quotations of at the close,
which was quiet but weak. Almost every
thing is lower.
Money on call has been rather tight,
ranging from 8 to 10, last loan at 8, aud
dull and steady. Actual business at 4s0l
to 1902 for G0-dsy bills, and 4S22 to 4S3 for
demand. Posted rates, 4s1i to 4S5. Gov
ernment bonds weak for the As, with the
others rather heavy. State bonds dull
and featureless.
Treasury balances - Coin, s134, ,962, ,2S5;
currency, $l3, ,746,G09.
The following were ths closing bid quota
tons:
Is, 1885,, ~ coup, los; Pac. es of ,e5, 12l;
La. Cons. .si5S; Mo. Gs OF 's7, 100; n q. Con.
49, s. aS Vi TsnP S a dU consUs e'
irsts, 1i5; Deny lnd R. g. irsts, z74ISi NJ. K.
and T., glh Northern pec. irss,, ll5; do.
| seconds, 10i; Northwestern cons, 1874; do.
| dtbenture, .l0S; ST. L. and San Fran. 1l3; g..
Paul con-, 1261a; st. l. Chicago, and Pac 1rsts,
| l2lh; Southern Pac. flrsts, ll3: TIP. r. g. aud
995s;. Adams Express, 147la; Alton and T. II.
| 32; do. Ifd., $50; Am. Express, 107 Bos. Air
Line pfd., 9s; B. g. aud 4; n. 45; Canada
| Ches. and Ohio, 6; Chicago and Alton, 145;
Piad and @ S6 d = coa aaa cSs G is De I'GSs aSd
EGs S R, do sn9 p H. FSre Rsqy wsgaa sga S 81
iisS Rans. S and % Texas si5S L. /. and W, t; is%;
hsahatn ahGss ssa cea s IL AND and SSssa Sss 81
Met. H., It's: Mich. Cen, 81; Mo. Pac.,
sO1I; Mob. and o., II; Mar and E., 1925;
n. Chat, IS; n. :. Cen, 72h; Norfolk and
Western pfd., Al; Northern Pac, 25l&; do: pfd::
Y. Cen, LOG; Chicago and St. L., i6I; do.
pfd., &c; Ohio and Miss, 251sS do pfd., s5i
Oregon Nav, sg1S; Pac. Mall. 3sJs; Pitts.
Aies, o; Richmond and DAN, l5o; ROCK
Isld, l24; st. L. and San. Fran, 35IS; do. pfd ;,
72lz; do. first pfd., ll2; st. Paul, slas: do. pid
Pac, 26lS; Union Pac., 5i4; y. $. X. 671ss; wab.
Pac., IL; do pfd., 2g14; Wells Fargo, 127
West Union, ~; Tenn. Coal and Iron, 90
Cotton Oil Trust, 81; Quicksilver. 8; do.
| sAskpd